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RESOLUTION NO. 86-112 <br /> <br /> OF THE CITY COUNCIL OF SANTA ANA, AUTHORIZING THE <br /> ISSUANCE AND SALE OF CITY OF SANTA ANA VARIABLE <br /> RATE DEMAND REVENUE BONDS (WESTERN MEDICAL <br /> CENTER), SERIES 1986A, THE EXECUTION AND DELIVERY <br /> OF AN INDENTURE, LOAN AGREEMENT~ BOND PURCHASE <br /> CONTRACT AND OFFICIAL STATEMENT, AND AUTHORIZING <br /> CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH. <br /> <br /> WHEREAS, the City of Santa Ana (the 'City') is a <br />municipal corporation and charter city, duly organized and <br />existing under a freeholders' charter, pursuant to which the <br />City has the right and power to make and enforce all laws and <br />regulations in respect to municipal affairs and certain other <br />matters in accordance with, and as more particularly provided <br />in, Sections 3, 5 and 7 of Article XI of the Constitution of <br />the State of California and Section 20~ of Article II of the <br />Charter of the City (the 'Charter'); <br /> <br /> WHEREAS, the City Council of the City (the "Council"), <br />acting under and pursuant to the powers reserved to the City <br />under Sections 3, 5 and 7 of Article XI of the Constitution of <br /> <br />the State of California and Section 2~ of Article II of the <br />Charter, has established by the adoption of Ordinance No. N.S. <br />-1664 of the City (the "Law"), a procedure for the <br />authorization, issuance and sale of revenue bonds by the City, <br />for the purpose, inter alia, of making loans to participating <br />health institutions to provide financing for health facilities <br />as specified therein; <br /> <br /> <br />